Show A Young oung Industry On August 25 the American pe- pe petroleum industry will celebrate its seventieth th threescore birthday But three Score years ears and ten ten-ln ten an average life- life BSmith time lifetime t me have passed since William B Smith withdrew a bit from hillside a in in Tita ville Pennsylvania Penns set up an iron iron pi pitcher pump and started pro pro- pro prod d producing cing a hen heavy bud black fluid from the earth The Mork work vork had nad Riven the people pe of peo- peo pe the countryside a deal of great o innocent merriment men the fact a that a great reat industry had bad been born was realized by no one No o try indus that was by 1500 and J Smith 1500 1500 people The Th one once solitary oil well has bas neighbors The or or- or ori original i- i ginal investment of a few dollars has handful grown rown to The hand band ful of people who had a u use e for oil then has increased until it includes practically every American citizen And o 0 importance the price pries price of oil has dropped from the 1859 1839 quota quota- tion quotation of 1650 per pal barrel to less than drI is isTo wood J t tto To vima visualize ize a WOl to one minus airplanes tractors gas g n e-n engine inis fact oil burning r- r rein ern ein ships great reat and a ies ies power plants OIl and one sand ne- ne did a lion lions lion's share in putting nn an sn THI to the a age e of c candles an ant wagons wa t drive tIP aP Few Americans who or of of the tens of thousands anyone any one fillin filling stations that dot out oat way and receive hi high h grade oil pro pro- realize w what lat h 1 duds at a low price initiative initia- initia initiative been aCComplished by private in the oil tive anal enterprise tay in 7 The story oi of oil au is is isan his s history or of romantic an part our tor tory |